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Tigard, Ore. — A partnership between Intercontinental Real Estate and ScanlanKemperBard Cos. (SKB) has acquired Washington Square II, an 86,636-square-foot retail center located in Tigard, roughly 10 miles southwest of Portland. The purchase price was $25 million.
Situated adjacent to Washington Square Mall, Washington Square II consists of three single-story retail buildings constructed in 1984. Tenants at the property, which was 79 percent leased at the time of sale, include World Market, Red Robin, Visionworks, DXL Big + Tall and Panera Bread. Intercontinental and SKB plans to renovate the property with refreshed façades, new signage, HVAC upgrades and parking lot repairs.